Through DOS Circular No. 02 dated 24 November, 2015, Bangladesh Bank introduces the new rules.
The rules applicable to investment in non-listed special purpose fund/funds (Special Purpose Vehicle, Alternative Investment Fund or similar, stated as such fund(s) henceforth) which are registered with Bangladesh Securities and Exchange Commission (BSEC).
According to the rules, scheduled banks will abide by the following conditions while investing in the above mentioned fund(s) –
1) The total investment in such fund(s) made by any scheduled bank shall be limited up to Tk. 2 (Two) billion. [Read more…] about Bangladesh Bank introduces new rules for investment in Alternative Investment Fund by banks